Non-tariff barriers to trade
EU Parliament Approves Stricter Sanctions Enforcement
In a bid to bolster enforcement of European Union (EU) sanctions against third countries, the European Parliament has approved stringent measures, making the circumvention and violation of these sanctions a criminal offense punishable by a minimum prison sentence of five years.
Washington stops short of tongue-lashing Nicosia
Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island.
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Week in Review: Breaking Rules, Busting Sanctions
The Sanctions Buster
Illustration: BIRN
Slobodan Tesic is reputedly one of the biggest arms traders in the Balkans. He is also one of the most controversial in the region, having been the subject of UN sanctions over violations of embargoes on weapons exports to Liberia for the best part of a decade.
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The Import of Russian Coal into the EU Stops from Today
The complete ban on the purchase of Russian coal comes into force today. The measure was approved as part of the fourth package of sanctions adopted in April against Russia over the war in Ukraine.
Another ban on imports from Russia is due to be implemented later this year: a partial oil embargo.
Business Insider: World Markets are expecting an Insanely Difficult Summer
World markets are expecting an "insanely difficult" summer due to the partial embargo of the European Union on Russian oil, Business Insider reports, citing analyst Victor Chatenay.
According to him, the only hope for lower resource prices will be "insanely" high interest rates on loans.
German Minister: EU Unity on Russian Sanctions is Falling Apart
Today, German Economy Minister Robert Habeck expressed concern that the European Union's unity "begins to fall apart" ahead of tomorrow's summit to discuss the oil embargo against Russia and plans to reduce dependence on Russian energy sources.
Ukraine War – 25 million tonnes of grain stranded, UN says
The embargo against Russia is considered one of the factors behind high food prices
EC approves 6th anti-Russian sanctions package, including embargo on Russian oil
Greece might seek exclusion of its shipping companies from the embargo
Bulgaria’s Foreign Minister: EU may impose Embargo on Imports from Russia, our Government must make Tough Decisions
EU foreign ministers are discussing a sixth package of sanctions against Russia in Luxembourg today, including an embargo on oil and gas imports. Bulgaria is represented by Foreign Minister Teodora Genchovska.
The EP has called for a halt to imports of Gas, Oil, Coal and Nuclear Fuel from Russia
In a resolution passed by 513 votes to 22, with 19 abstentions, MEPs called for additional sanctions, including an "immediate full embargo on imports of oil, coal, nuclear fuel and gas originating in Russia".